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ECONOMY > Economic Indicators

Japan’s GDP ticks up 0.2% in July: JCER

  • September 10, 2020
  • , Nikkei Asian Review , 11:34 p.m.
  • English Press

Nikkei staff writers

 

TOKYO — The Japanese economy in July grew by 0.2% on the month in real terms, according to estimates released Thursday by the Japan Center for Economic Research, indicating a second consecutive month of expansion.

 

External demand was responsible for lifting the gross domestic product as a whole. Japanese exports to the U.S. and China jumped by significant margins.

 

However, the country’s internal demand went into negative territory in July. Capital expenditures shrank 2.7% while consumer spending receded by 1.4%, according to JCER.

 

 

 

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